Milliken & Company Acquires Springfield LLC

Milliken & Company Acquires Polartec from Versa Capital Management

June 11, 2019

Manufacturing

Milliken & Company signed a definitive agreement to acquire Polartec, LLC from Versa Capital Management; the transaction is expected to close in June and financial terms were not disclosed. The acquisition brings Polartec's performance textile portfolio — including outdoor, fleece, workwear and military-grade fabrics — into Milliken's manufacturing platform to expand its product capabilities and regional manufacturing reach.

Milliken & Company Acquires Borchers Group Limited from The Jordan Company

January 28, 2020

Manufacturing

Milliken & Company acquired Borchers Group Limited, a global specialty chemicals provider of coating additives and catalyst solutions, from private equity firm The Jordan Company. The transaction closed on January 28, 2020 and will expand Milliken's specialty chemicals and coatings capabilities while preserving Borchers' ongoing operations and customer relationships.

Milliken & Company Acquires Encapsys, LLC

October 18, 2021

Manufacturing

Milliken & Company acquired Encapsys, LLC from The Cypress Performance Group LLC; the transaction closed on October 18, 2021. Encapsys is a leader in microencapsulation technology headquartered in Appleton, Wisconsin, and the acquisition expands Milliken's specialty chemicals and materials science capabilities to accelerate sustainable solutions for multiple end markets.

The Riverside Company Acquires milliCare from Milliken & Company

December 8, 2021

Professional Services

The Riverside Company has acquired milliCare, a commercial floor and textile care franchise brand, from Milliken & Company as an add-on to Riverside’s Clintar platform. The transition transfers more than 30 franchise owners and roughly 40 locations to Riverside’s portfolio while Milliken will continue to manufacture and supply milliCare’s proprietary cleaning solutions.

Komline-Sanderson Acquires Fluid Quip, Inc.

January 6, 2022

Manufacturing

Komline-Sanderson has acquired Fluid Quip, Inc., a Springfield, Ohio-based manufacturer of separation and processing equipment for the corn wet‑milling, ethanol and pulp & paper industries; the transaction closed on December 30, 2021. The acquisition expands Komline's product offering and engineering/service capabilities in corn wet‑milling and renewable fuels markets and adds a U.S. manufacturing presence in Ohio.

Modine Acquires Scott Springfield Manufacturing

February 26, 2024

HVAC & Mechanical

Modine (NYSE: MOD) has entered into a definitive agreement to acquire Scott Springfield Manufacturing, a Calgary-based manufacturer of air handling units, for an enterprise value of approximately $190 million CAD (consideration paid in Canadian dollars). The acquisition — expected to close in Q1 2024 and financed with cash and debt — adds AHU manufacturing capabilities and a blue-chip customer base serving hyperscale and colocation data centers, healthcare, telecommunications and aerospace to Modine's HVAC and indoor air quality portfolio.